{lang: 'en-US'} GBP/USD H1 & H4 Update ~ ElliottFxTrader Blog

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Monday, 17 December 2012

GBP/USD H1 & H4 Update

If You just tried to trade my last signal in this pair - the Running Flat Possibility Area 1 - right now You should be 125pips in profit.

Right now I will count this as impulsive progression until proven otherwise.
The general idea is to buy the dips, like now: the pair might be soon  in wave 2 correction mode, we need one more push up to finish wave 5 I guess.

Please notice the bearish divergence as well.

More TPI to come.

Take care,
Seb



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